A G Universal was incorporated on May 21, 2008, as Akshata Polymers. The company engages in trading various products, such as stainless steel pipes, mild steel pipes, ERW black pipes, GI pipes, hollow sections, uPVC pipes, cPVC pipes, TMT bars, CR coils, and HR coils. It operates as a dealer for notable entities like Surya Roshni Limited and Jindal Supreme (India), among others.
| Bidding Dates |
|---|
| 11 Apr 2023 - 13 Apr 2023 |
| Subscription |
|---|
| 3.36x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 2000 | 1.5 M | ₹60 | 73.49 % | ₹87.2 M | RHP DOC |
A G Universal IPO SUBSCRIPTION STATUS
13 Apr '23A G Universal IPO overall subscription rate was 3.36 times the total available shares
A G Universal IPO retail subscription rate was 2.54 times in the retail segment
A G Universal IPO non-institutional investor subscription rate was 4.18 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
13 Apr 2023 (Day 3) | 2.54x | 4.18x | - |
12 Apr 2023 (Day 2) | 0.4x | 2.33x | - |
11 Apr 2023 (Day 1) | 0.1x | 1.78x | - |
A G Universal FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 8MFY23 | 11.4 | 345.5 | -23.0 | -43.6 |
| FY22 | 7.1 | 704.6 | 13.5 | -10.4 |
| FY21 | 1.5 | 384.4 | 18.5 | -21.9 |
| FY20 | 0.5 | 199.5 | 19.7 | 4.7 |
A G Universal IPO SUBSCRIPTION STATUS DETAILS
A G Universal had 1.5 M shares on offer
A G Universal IPO offer price was ₹60
A G Universal IPO minimum Investment was ₹120000
A G Universal IPO issue size was ₹ 87.2 M
A G Universal had a minimum lot size of 2000 Shares per application
A G Universal NUMBER OF SHARES ON OFFER
A G Universal IPO IMPORTANT DATES
| Issue Open Date | 11 Apr 2023 |
| Issue close Date | 13 Apr 2023 |
| Allotment Date | 19 Apr 2023 |
| Refund Date | 20 Apr 2023 |
| Demat Account Credit Date | 21 Apr 2023 |
| Listing Date | 24 Apr 2023 |
| Listing on Exchange(s) | NSE |
| A G Universal Allotment Status | Exchange |
A G Universal IPO subscription opened on 11 Apr 2023, and closed on 13 Apr 2023
IPO allotment for A G Universal was finalized on Wednesday, 19 Apr 2023
IPO listing for A G Universal was on NSE on Monday, 24 Apr 2023
A G Universal IPO LISTING GAINS
| Issue Price (adjusted) | 60.0 |
| Listing Open Price | 60.0 |
| Listing Close Price | 60.1 |
| Listing Gain% | 0.0% |
| Current Gain% | -10.6% |
A G Universal Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A G Universal Ltd. | 53.6 | 29.4 | 349 | -3.7 | 0.4 | 0.4 | 0.2 | 76.1 | 22.4 | 0.1 | -93.8 | 0.2 | -93.8 |
| APL Apollo Tubes Ltd. | 2002.5 | 55601.1 | 45.2 | 0.8 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1830.9 | 48297.4 | 20.9 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 509.9 | 15538.8 | 30.6 | 1.2 | 4 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 38.8 | 15176.2 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2586.4 | 5864.1 | 20.6 | 1.8 | 2.1 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
A G Universal INFORMATION ON IPO ISSUE
About A G Universal
A G Universal was incorporated on May 21, 2008, as Akshata Polymers. The company engages in trading various products, such as stainless steel pipes, mild steel pipes, ERW black pipes, GI pipes, hollow sections, uPVC pipes, cPVC pipes, TMT bars, CR coils, and HR coils. It operates as a dealer for notable entities like Surya Roshni Limited and Jindal Supreme (India), among others.
Object of the Issue
- To meet the working capital requirement of the company
- General corporate purposes
- Issue related expenses
A G Universal - PROMOTERS
| Name |
|---|
| Amit Gupta |
| Bharti Gupta |
A G Universal Lead Manager of the Issue
Share India Capital Services Private Limited
info@shareindia.com
A G Universal Registrar to the Issue
Skyline Financial Services Private Limited
virenr@skylinerta.com
A G Universal Strengths
Quality management
The company continuously assesses and improves its operations, methodologies, and interactions with both internal and external stakeholders. This is achieved through the implementation of effective tools and techniques of quality management
Experienced team
The company's promoter has significant experience in the line of business. Furthermore, the management team and other key personnel possess extensive industry expertise and have been instrumental in driving the company's growth
Existing relationships
The company's existing relationships enable it to secure repeat business from customers, which in turn has strengthened its customer retention strategy and fostered long-term working relationships with its clients
A G Universal Risks
Business on a purchase-order basis
Typically, the company conducts business with its customers on a purchase-order basis, and does not engage in long-term contracts with the majority of them. Any potential inability to maintain relationships with its customers could have a detrimental impact on the company's operations
Extremely competitive business
All of the company's product verticals operate within highly competitive segments, thereby presenting a potential risk to its margins and profitability
IPO FAQs
The promoters of the company are Amit Gupta and Bharti Gupta.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 60.0 - 60.0.
The IPO application opens on Apr 11, 2023 and closes on Apr 13, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Apr 19, 2023.
The refund will be credited to your account on Apr 20, 2023.
The allotted shares will be credited to your demat on Apr 21, 2023.
A G Universal Ltd.’s shares listed on the stock exchanges on Apr 24, 2023.